RADIX - XRD/USD - Daily - Technical analysis published on 08/21/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.061027 USD
My targets
0.052565 USD (-3.83%)
0.042337 USD (-22.55%)
My analysis
The bearish basic trend is very strong on RADIX - XRD/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.061027 USD. Crossing the first support at 0.052565 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.042337 USD as an objective. Crossing it would then enable sellers to target 0.036647 USD. Caution, a return to above the resistance located at 0.061027 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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Additional analysis
Quotes
The RADIX - XRD/USD price is 0.054660 USD. The price is lower by -0.04% since the last closing and was between 0.054090 USD and 0.054660 USD. This implies that the price is at +1.05% from its lowest and at 0% from its highest.0.054090
0.054660
0.054660
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RADIX - XRD/USD:
Technical
A technical analysis in Daily of this RADIX - XRD/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.036647 | 0.052565 | 0.054660 | 0.084890 | 0.113700 | 0.142100 |
| Change (%) | -32.95% | -3.83% | - | +55.31% | +108.01% | +159.97% |
| Change | -0.018013 | -0.002095 | - | +0.030230 | +0.059040 | +0.087440 |
| Level | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.050853 | 0.051947 | 0.053313 | 0.054407 | 0.055773 | 0.056867 | 0.058233 |
| Camarilla | 0.054004 | 0.054229 | 0.054455 | 0.054680 | 0.054906 | 0.055131 | 0.055357 |
| Woodie | 0.050990 | 0.052015 | 0.053450 | 0.054475 | 0.055910 | 0.056935 | 0.058370 |
| Fibonacci | 0.051947 | 0.052886 | 0.053467 | 0.054407 | 0.055346 | 0.055927 | 0.056867 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042227 | 0.047113 | 0.051307 | 0.056193 | 0.060387 | 0.065273 | 0.069467 |
| Camarilla | 0.053003 | 0.053835 | 0.054668 | 0.055500 | 0.056332 | 0.057165 | 0.057997 |
| Woodie | 0.041880 | 0.046940 | 0.050960 | 0.056020 | 0.060040 | 0.065100 | 0.069120 |
| Fibonacci | 0.047113 | 0.050582 | 0.052725 | 0.056193 | 0.059662 | 0.061805 | 0.065273 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030113 | 0.042337 | 0.048803 | 0.061027 | 0.067493 | 0.079717 | 0.086183 |
| Camarilla | 0.050130 | 0.051844 | 0.053557 | 0.055270 | 0.056983 | 0.058697 | 0.060410 |
| Woodie | 0.027235 | 0.040898 | 0.045925 | 0.059588 | 0.064615 | 0.078278 | 0.083305 |
| Fibonacci | 0.042337 | 0.049476 | 0.053887 | 0.061027 | 0.068166 | 0.072577 | 0.079717 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.51 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | 7.733807 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.053672 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.052363 | |
| Elder Ray (13): | -0.000199 | |
| Super Trend (3,10): | 0.057594 | |
| Zig ZAG (10): | 0.054480 | |
| VORTEX (21): | 0.9799 | |
| Stochastique (14,3,5): | 40.16 | |
| TEMA (21): | 0.054493 | |
| Williams %R (14): | -63.77 | |
| Chande Momentum Oscillator (20): | 0.001930 | |
| Repulse (5,40,3): | 0.5333 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2522 | |
| Courbe Coppock: | 6.24 |
| MA7: | 0.054566 | |
| MA20: | 0.053934 | |
| MA50: | 0.056837 | |
| MA100: | 0.062376 | |
| MAexp7: | 0.054527 | |
| MAexp20: | 0.054800 | |
| MAexp50: | 0.057342 | |
| MAexp100: | 0.060012 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +1.35% | |
| Price / MA50: | -3.83% | |
| Price / MA100: | -12.37% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -4.68% | |
| Price / MAexp100: | -8.92% |
Quotes :
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Real time data
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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